Introduction

Staking Litecoin can be a great option for those who want to hold LTC but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain Litecoin (LTC) tokens

   In order to stake Litecoin, you need to have it. To obtain Litecoin, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Litecoin (LTC)	$65.54
   M2	Litecoin (LTC)	$65.51
   Uphold	Litecoin (LTC)	$63.64
   Wirex	Litecoin (LTC)	$65.85
   Kraken	Litecoin (LTC)	$65.46
   OKX	Litecoin (LTC)	$65.49

   See all 20 prices

2. 2. Choose a Litecoin wallet

   Once you have LTC, you’ll need to choose a Litecoin wallet to store your tokens. Here are some good options.

3. 3. Delegate your LTC

   We recommend using a staking pool when staking LTC. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their LTC, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.

4. 4. Start validating

   You’ll need to wait for your deposit to be confirmed by your wallet. Once it’s confirmed, you’ll automatically validate transactions on the Litecoin network. You’ll be rewarded with LTC for these validations.

What to be aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.